French supermarket Carrefour denies making an offer for rival Casino September 24, 2018 French supermarket Casino has claimed it has rejected an offer from rival Carrefour, though Carrefour has denied ever making a bid for the firm. Casino released a statement last night that said its board had unanimously rejected an approach from the retail giant due to potential conflicts over employment and competition. Read more: Tesco reveals budget supermarket chain, Jack's Carrefour, which is [...]
Ocado and Marks & Spencer see shares rise on reports of food delivery partnership January 28, 2019 Shares in Marks & Spencer and Ocado were up this morning following reports the firms are in talks over a possible food delivery partnership. Ocado and Marks & Spencer saw their shares rise five per cent and one per cent respectively in early trading after it emerged the retailer could sign a deal to use [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Aldi to expand into 130 new stores as sales rocket to £10.2bn October 1, 2018 German supermarket giant Aldi today announced major plans to open 130 new stores in the UK on the back of impressive sales growth last year. The expansion will create 5,000 new jobs in the UK, Aldi says, and is a big step on the way to the firm reaching its target of setting up 1,000 stores [...]
Dave Lewis tells court of tension and disagreement at Tesco at time of his appointment November 2, 2017 Tesco chief executive Dave Lewis gave evidence in the trial against his former colleagues today, as three former executives faced charges of fraud and false accounting. Lewis shone a light on the tensions already present at the supermarket when he was appointed in 2014 in proceedings at Southwark Crown Court today. The former Unilever executive [...]
Bakking up: Tesco and Waitrose supplier Bakkavor sacks off London float November 3, 2017 Food supplier Bakkavor has backed out of its plan to float on the London Stock Exchange, saying current market conditions are too volatile. The IPO was set to take place this month and would have valued the company, which creates microwave meals and other products for the UK’s biggest supermarkets, at up to £2bn. Read [...]
Britain’s trade bodies must confront challenges of their own January 31, 2019 What does the future hold for Britain's trade bodies? We hear a great deal about the disruption that poses huge challenges to their members but what of the disruption facing membership groups themselves? Many are struggling with declining membership rates, or the competing interests of the members who do remain. Take the British Retail Consortium [...]
Supermarket sweep: Which FTSE 100 grocer is the best buy? August 14, 2018 British supermarkets haven’t had an easy ride lately. There’s been plenty for them to worry about – the biggest being the rising cost of imports as sterling has continued to slide (the pound dropped to €1.11 and $1.28 last week). A weak pound has tightened profit margins. And with heavy competition from discount retailers, passing [...]
Unleaded petrol pump prices in the UK: Petrol and diesel prices drop for third month in a row February 5, 2019 The price of petrol and diesel dropped for the third month in a row in January, as the cost per litre reduced by more than 1p. The UK average price of unleaded was 120.92p on average, while diesel was 130.01p, according to research from RAC Fuel Watch published today. Read more: Asda, Morrisons and Sainsbury's to cut price [...]